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As previously reported, Northcoast analyst Aaron Reed initiated coverage of Tennant (TNC) with a Buy rating and $125 price target Tennant is “well-positioned” for earnings growth and strong cash flow going into 2025 and expected to accelerate into 2026, the analyst tells invesors. Tennant’s ability to consolidate market share in a fragmented industrial cleaning equipment market “makes a compelling investment opportunity,” the analyst added.

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Read More on TNC:

• Tennant initiated with a Buy at Northcoast

• Tennant Company Shows Resilient Sales Growth in Q3 2024

• Tennant backs FY24 adjusted EPS $6.15-$6.55, two estimates $6.51

• Tennant reports Q3 adjusted EPS $1.39, two estimates $1.43

• Tennant raises quarterly dividend 5.4% to 29.5c per share